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5309 Marlton Pike
Pennsauken, NJ 08109
Retail Property For Sale
Investment Highlights
- Fully leased to Best Buy Furniture through 2034, providing long-term income stability.
- Features include a drive-in loading dock, rear garage door, and six parking spaces.
- Offered at a 7.16% cap rate with scheduled rent escalations for income growth.
- Positioned on a 17,630 SF lot with street-to-street access and expansion potential.
- Located near major highways and transit routes, offering excellent regional connectivity.
Executive Summary
This 10,000 SF commercial property at 5309 Marlton Pike W in Pennsauken, NJ presents a compelling investment opportunity with a fully stabilized income stream. The asset is 100% occupied by Best Buy Furniture under a long-term lease through 2034, ensuring predictable cash flow and minimal landlord responsibilities. The property sits on a 17,630 SF lot with street-to-street access and features a drive-in loading dock, an additional rear garage door, and six front parking spaces, with room for expansion at the rear.
Offered at a 7.16% capitalization rate, the lease includes scheduled rent escalations, enhancing income growth over time. The site benefits from excellent regional connectivity, with proximity to major highways including I-76, I-295, and the NJ Turnpike, as well as the Philadelphia International Airport and the Port of Camden. This location supports both retail and logistics uses, making it a strong candidate for investors seeking a stabilized asset in a high-demand commercial corridor.
Offered at a 7.16% capitalization rate, the lease includes scheduled rent escalations, enhancing income growth over time. The site benefits from excellent regional connectivity, with proximity to major highways including I-76, I-295, and the NJ Turnpike, as well as the Philadelphia International Airport and the Port of Camden. This location supports both retail and logistics uses, making it a strong candidate for investors seeking a stabilized asset in a high-demand commercial corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1975/2025
Price
$1,359,638 CAD
Price Per SF
$135.96 CAD
Cap Rate
7.16%
NOI
$97,350 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.57
Lot Size
0.40 AC
Zoning
C-2 - zoning allows for a variety of commercial uses like retail stores, restaurants, offices, and hotels.
Parking
17 Spaces (1.7 Spaces per 1,000 SF Leased)
Frontage
66’ on Marlton Pike
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 27-06102-0000-00003-02 | Improvements Assessment | $1,045,466 CAD |
| Land Assessment | $308,375 CAD | Total Assessment | $1,353,841 CAD |
Property Taxes
Parcel Number
27-06102-0000-00003-02
Land Assessment
$308,375 CAD
Improvements Assessment
$1,045,466 CAD
Total Assessment
$1,353,841 CAD
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